Top Company News of the Day: Mining Companies, Anta Sports, NFTs, Hollywood Studios

Mining Companies Look for Treasure in Scrapyards

Rio Tinto, Glencore and others seek to burnish their green credentials and gain a competitive edge as energy transition stokes demand for commodities.

Anta Sports Shares Rise on Strong First-Half Results

Anta Sports Products’ shares rose sharply after the Chinese sports-products maker reported a jump in first-half earnings.

Three-Month Sentence Handed Down in First NFT Insider-Trading Case

Nathaniel Chastain, a former employee of the NFT marketplace OpenSea. was convicted of trading on nonfungible tokens before they were advertised.

Hollywood Studios Make Public Their Latest Offer to Striking Writers

Among the concessions the studios said they offered are a guaranteed minimum length of employment, controls around the use of generative AI and wage increases.

Hawaiian Electric Hires Financial Adviser Guggenheim After Wildfires

The utility is exploring options as it faces lawsuits stemming from Maui wildfires.

U.S. Steel, United Steelworkers Square Off on Takeover

United Steelworkers says it can block a sale as U.S. Steel considers offers. The company says a union contract doesn’t provide veto power over deals.

Dick’s Sporting Goods, Macy’s Flash Warning Signs on U.S. Consumer Spending

The retailers’ shares traded sharply lower after they posted weaker quarterly earnings and gave tepid forecasts for the rest of the year.

Teamsters Ratify New Five-Year Labor Contract With UPS

The deal reached last month averted a potentially damaging strike for U.S. supply chains.

Is Nvidia the New Tesla? Options Traders Place Their Bets

Investors are wagering that the furious rally in Nvidia shares will continue after Wednesday’s earnings report.

Facebook Marketplace Lets Users Sell Recalled Baby Products, Lawmakers Say

The bipartisan letter says Meta Platforms has risked public safety.

Source: Dow Jones Newswires


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